Sold
946 W Beach AVE
INGLEWOOD CA, 90302
$6,400,000
$298.79 per sqft
Sold
5 Beds
3 Baths
21,420 sqft
Multi-family
Built in 1963
946-950 Beach Avenue is an 18-unit multifamily asset located in rapidly developing Inglewood, California. Situated on a 25,013-square-foot lot, the property offers a desirable mix of sizable units: sixteen (16) three-bedrooms and (2) two-bedrooms. Fourteen (14) units are fully renovated with new flooring, modern kitchens and baths, and upgraded fixtures throughout. Two (2) units are partially renovated with new floors. In-unit washer/dryers have been installed in eight units. The property also provides onsite laundry facilities and 27 secured parking spaces. Seismic retrofitting has been completed and new roofs were installed on both buildings in 2022. This asset is offered with an interest-only 3.650% assumable loan. The new owner will be able to take advantage of the value-add opportunity in renovating the remaining units. The property offers significant rental upside potential of approximately 12% .
PW23048120MR
MLSⓇ ID
March 24, 2023
Listed
November 22, 2024
Updated
Map
946 W Beach AVE
INGLEWOOD CA, 90302
Interior Features
Bedrooms
5
Total Bathrooms
3
Laundry Description
Inside, Laundry Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.57 Acres
Sewer
Public Sewer
Other Property Details
Area Name
North Inglewood
Days on Market
249
Garage
No
Parking Total
27
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
INR3YY
Listing History
Date | Event | Price |
|---|---|---|
12/27/2023 | Price change | $6,400,000 -5% |
12/27/2023 | Sold | $6,400,000 |
12/1/2023 | Pending | — |
11/3/2023 | Under contract | — |
Listed by Robert Stepp with Keller Williams - Santa Monica
Listing Contact: 310-774-3740
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Elite Representation Real Estate | CA DRE# 01498928 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024
